Supply: shutterstock.com/ChrisStock82
The market appears to be inching nearer to its subsequent large brief squeeze. A number of well-liked meme shares are within the highlight as extra names be a part of the checklist of corporations with no shares obtainable to brief. As of right this moment, that group consists of electrical automobile (EV) producer Fisker (NYSE:FSR), Mullen Automotive (NASDAQ:MULN) and GameStop (NYSE:GME). In the meantime, hypothesis continues to mount that regional banks PacWest Bancorp (NASDAQ:PACW) and Western Alliance (NYSE:WAL) are destined for the GME remedy as they teeter getting ready to collapse. Nonetheless, none of those names are presently ranked among the many high meme shares on well-liked investing subreddit r/WallStreetBets.
The highest meme shares are usually decided by the eye corporations obtain on social media. And as InvestorPlace contributor Chris MacDonald reviews, meme shares are sometimes inherently dangerous:
“In previous years, the media and social media have highlighted so-called meme shares repeatedly. Nonetheless, this pattern might be hazardous for people who want extra monetary literacy and are imagined to be accountable long-term traders. They could want correct information to construct a diversified portfolio and cling to an funding plan.”
That stated, one among high names on r/WallStreetBets proper now is definitely an organization with development potential, a uncommon feat for the meme class. Listed here are the highest 10 corporations presently seeing essentially the most consideration from the retail investing crowd, in accordance with ApeWisdom.
High Meme Shares on r/WallStreetBets
These shares and exchange-traded funds (ETFs) rank as the highest 10 most mentioned shares on r/WallStreetBets as of this writing:
- SPDR S&P 500 ETF Belief (NYSEARCA:SPY)
- C3.ai (NYSE:AI)
- PayPal (NASDAQ:PYPL)
- Palantir (NYSE:PLTR)
- Superior Micro Units (NYSE:AMD)
- Nvidia (NASDAQ:NVDA)
- Rivian (NASDAQ:RIVN)
- Airbnb (NASDAQ:ABNB)
- Upstart (NASDAQ:UPST)
- Apple (NASDAQ:AAPL)
On the date of publication, Samuel O’Brient didn’t maintain (both instantly or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Tips.
